Pass rates

 Below are the average pass rates from the latest PQ exam sittings.

Module

Jun-16

Nov-16

 Jun-17

 Dec-17

Audit and Assurance (AA) 

90.7

82.3

 94.3  65.2

Business and Change Management (BCM)  

80.8

58.7

 88.6 83.8

Company Financial Reporting

55.7

63.2

 82.3  46.4

Corporate Governance and Law (CGL) 

86.5

84.5

 89.5 92.0

Financial Accounting (FA) 

75.6

80.0

 69.0 64.3

Financial Management (FM)

55.5

69.1

 65.9 60.0

Management Accounting (MA) 

84.6

94.9

 86.7 89.2

Public Service Financial Reporting (PSFR) 

71.6

61.4

 40.5 
see examiner report
 64.8

Strategic Case Study (SCS) 

78.7

73.0

 79.4 82.2

Strategy and Policy Development (SPD) 

84.4

81.9

 81.3 85.7

Strategic Public Finance (SPF) 

72.0

66.4

 69.2  72.4

Taxation (TAX) 

94.1

75.4

 88.6 85.4